China's foreign exchange reserves stood at 3.4422 trillion U.S. dollars at the end of May 2026, up 31.7 billion dollars, or 0.93 percent, from the end of April, official data showed on Sunday.
The State Administration of Foreign Exchange noted that influenced by factors such as the global macroeconomic environment and expectations regarding monetary policies of major economies, the U.S. dollar index rose in May, and the prices of major global financial assets generally increased.
The combined effects of exchange rate conversion and changes in asset prices led to an increase in China's foreign exchange reserves during the month, the administration said.
China's economy registered steady and improving performance during the period, with solid progress made toward high-quality development. Its steady performance provided solid support for keeping the scale of the country's foreign exchange reserves basically stable, according to the administration.
China's foreign exchange reserves maintain stable growth in May
China's foreign exchange reserves maintain stable growth in May
China's foreign exchange reserves maintain stable growth in May
Political shows staged by certain individuals in the Philippines cannot distort the historical and legal fact that relevant islands and reefs in the South China Sea belong to China, Jiang Bin, a spokesman for the Ministry of National Defense, said on Friday.
He made the remarks in response to media reports that the Philippine defense secretary had recently visited Zhongye Dao to take part in the activities commemorating the 10th anniversary of the so-called "South China Sea Arbitral Tribunal Award".
"China has indisputable sovereignty over Nansha Qundao and its adjacent waters, including Zhongye Dao. The Philippine defense secretary, who is sanctioned by the Chinese side, is playing tough toward China by staging political shows and fanning nationalist sentiments in pursuit of personal political interests, which will ultimately undermine the fundamental interests of the Philippines and its people. The 'arbitration' is, from beginning to end, a political farce masqueraded as a legal process, and the so-called award carries no legal force in any sense. The Chinese side does not accept nor recognize the award. We do not accept any claims or actions based on it. No matter how certain individuals in the Philippines perform, they can never distort the historical and legal fact that relevant islands and reefs belong to China, and can never shake the firm determination of the Chinese military to defend China's territorial sovereignty and maritime rights and interests," said Jiang.
China rejects Philippine political shows over South China Sea islands: defense ministry
